Question
Which of the following statements is incorrect? a. The normal balance of an expense account is a debit. b. The normal balance of accounts receivable
Which of the following statements is incorrect?
a. The normal balance of an expense account is a debit.
b. The normal balance of accounts receivable is a debit.
c. The normal balance of unearned revenues is a credit.
d. The normal balance of owner's withdrawals is a credit.
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Accounting Concepts And Applications
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
10th Edition
0324376154, 978-0324376159
